HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Oil / Gas / Energy / Mining Average Salaries in Cyprus 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Cyprus?


Average Monthly Salary
1,950 EUR
( 23,400 EUR yearly)

LOW
710
EUR
AVERAGE
1,950
EUR
HIGH
4,510
EUR

A person working in Oil / Gas / Energy / Mining in Cyprus typically earns around 1,950 EUR per month. Salaries range from 710 EUR (lowest average) to 4,510 EUR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager1,960 EUR
Associate Analyst2,200 EUR
Associate Landman920 EUR
Auxiliary Equipment Operator800 EUR
Biomass Plant Technician940 EUR
Biomass Power Plant Manager2,850 EUR
Chemical Plant Operator1,590 EUR
Chief Contract Compliance Engineer2,090 EUR
Completions Engineer1,860 EUR
Cost Controller1,420 EUR
Crude Oil Marketing Representative2,020 EUR
Dispatcher830 EUR
Distribution Manager2,740 EUR
Dragline Operator910 EUR
Driller Offsider700 EUR
Dump Truck Driver730 EUR
Electric and Gas Operations Manager4,440 EUR
Energy Advisor2,970 EUR
Energy Analyst2,730 EUR
Energy Auditor2,550 EUR
Energy Dispatch Director3,530 EUR
Energy Technical Assistant1,160 EUR
Energy Technical Manager2,490 EUR
Energy Technical Trainer1,670 EUR
Exploration Manager3,430 EUR
Field Safety Auditor2,230 EUR
Fluids Engineer1,900 EUR
Fuel Cell Engineer2,020 EUR
Fuel Cell Technician1,020 EUR
Fuels Handler870 EUR
Gas Compressor Operator830 EUR
Gas Distribution Plant Operator1,630 EUR
Gas Supply Manager3,020 EUR
Geologist3,410 EUR
Geophysicist3,530 EUR
Geothermal Production Manager3,330 EUR
Geothermal Technician1,440 EUR
HSE Engineer2,060 EUR
HSE Officer1,200 EUR
HSEQ Administrator1,380 EUR
Inspector1,770 EUR
Instructor1,580 EUR
Instrument Designer1,590 EUR
Lead Technical Field Advisor2,620 EUR
Logistics and Tool Coordinator1,620 EUR
Maintenance Engineer2,090 EUR
Maintenance Superintendent1,810 EUR
Material Controller1,250 EUR
Mine Engineer1,940 EUR
Mine Surveyor2,120 EUR
Mining Project Administrator1,760 EUR
Mining Project Assistant1,360 EUR
Mining Project Controls Consultant2,270 EUR
Mining Project Coordinator1,690 EUR
Mining Project Engineer1,900 EUR
Mining Project Manager2,430 EUR
Mining Site Manager2,680 EUR
Mining Team Leader2,030 EUR
NDT Technician1,200 EUR
Oil Service Unit Operator980 EUR
Oil Trader2,550 EUR
Oilwell Pumper720 EUR
Petroleum Engineer 2,160 EUR
Petroleum Geologist3,650 EUR
Petroleum Pump System Operator1,040 EUR
Pipeline Technician750 EUR
Power Coordinator1,200 EUR
Power Plant Operations Manager3,650 EUR
Power Plant Operator1,590 EUR
Radio Operator890 EUR
Reliability Engineer1,950 EUR
Reservoir Engineer1,740 EUR
Risk Analyst2,510 EUR
Roughneck1,940 EUR
Scaffolder1,300 EUR
Shutdown Engineer1,560 EUR
Solar Energy Installation Manager2,770 EUR
Solar Energy Systems Engineer2,060 EUR
Solar Photovoltaic Installer1,250 EUR
Solar Thermal Technician1,250 EUR
Supply Operations Manager3,260 EUR
Sustainability Specialist3,180 EUR
System Development Advisor2,240 EUR
Tanker Truck Driver790 EUR
Utility Operator1,050 EUR
Wind Energy Project Manager2,830 EUR

Oil / Gas / Energy / Mining Jobs Salary Distribution in Cyprus

Median and salary distribution monthly Cyprus Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/oil-gas-energy-mining/median-and-salary-distribution-monthly-cyprus-oil-gas-energy-mining.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Cyprus range from 710 EUR per month (minimum average salary) to 4,510 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,990 EUR per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 1,990 EUR while the other half are earning more than 1,990 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Oil / Gas / Energy / Mining are earning less than 1,210 EUR while 75% of them are earning more than 1,210 EUR. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 3,310 EUR while 25% are earning more than 3,310 EUR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Cyprus costs anywhere from 10,800 Euro(s) to 32,500 Euro(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Oil / Gas / Energy / Mining Salary Comparison By Gender

Salary comparison by gender monthly Cyprus Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/oil-gas-energy-mining/salary-comparison-by-gender-monthly-cyprus-oil-gas-energy-mining.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Cyprus who work in Oil / Gas / Energy / Mining earn 6% more than their female counterparts on average.

Male
2,000 EUR
Female-6%
1,890 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cyprus for all Careers

Salary comparison by gender monthly Cyprus
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/salary-comparison-by-gender-monthly-cyprus.jpg

Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Cyprus

How much are annual salary increments in Cyprus for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Cyprus are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Cyprus Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/oil-gas-energy-mining/annual-salary-increment-rate-cyprus-oil-gas-energy-mining.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Cyprus / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Cyprus is 2%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Cyprus for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Oil / Gas / Energy / Mining Bonus and Incentive Rates in Cyprus

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cyprus Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/oil-gas-energy-mining/annual-salary-bonus-rate-cyprus-oil-gas-energy-mining.jpg

Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

64% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
36%
No Bonus
64%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Oil / Gas / Energy / Mining Hourly Average Wage in Cyprus


11 EUR per hour

The average hourly wage (pay per hour) in Cyprus is 11 EUR. This means that the average person in Cyprus earns approximately 11 EUR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Oil / Gas / Energy / Mining VS Other Jobs

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Cyprus
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/oil-gas-energy-mining/salary-comparison-between-oil-gas-energy-mining-and-oil-gas-energy-mining-monthly-cyprus.jpg

The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Larnaka1,710 EUR
Limassol2,030 EUR
Nicosia1,880 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Cyprus earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
1,950 EUR
Public Sector+18%
2,290 EUR
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020